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Intelligent Pumps Market

Intelligent Pumps Market Analysis – By Pump Type (Centrifugal, Positive Displacement), By End User (Oil & Gas, Power Generation), By Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) – Global Industry Size, Share, Growth, Trends and Forecast to 2023.

  • ID : 17681601  |  
  • Published : Feb-2019  |  
  • Region : Global  |  
  • Pages : 150   |  
  • Publisher : Mordor Intelligence

Intelligent Pumps Market Size and Growth Rate:

According to our research report, the Global Intelligent Pumps Market Size was capitalized at USD XX Million in 2018. The Intelligent Pumps Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023.

Industry averages suggest a loss of around 5% of production each year due to unplanned downtime. More than any other cause, equipment failures are the most common culprit, often exceeding 40% of the unplanned outages. As a result, the pumps market is witnessing the increasing adoption of the smart solution to improve efficiency, reduce the frequency of equipment failure, and reduce downtime, resulting in cost saving. The global intelligent pumps market has been volatile in the past few years, mainly due to the decline in crude oil price. However, the market has started to witness recovery with increasing capital expenditure in the oil & gas industry and increasing oil & gas pipeline network with increasing demand.

Intelligent Pumps Market Growth Drivers and Restraints:

Industrial Internet of Things (IIoT) – enabled pumps and solutions has helped the oil & gas sector to reduce the maintenance frequency and hence downtime. Cases had been witnessed where maintenance-related downtime has been reduced by around 80% for the pump jack system. Such results in the past have been driving the adoption of intelligent pump systems or integrating the existing system with intelligent solutions. The increasing demand for IT solutions in the Gulf of Mexico, the North Sea and the US shale fields to enhance the productivity and decision making have been driving the market in the respective region. Saudi Aramco, one of the biggest oil & gas player in Saudi Arabia, has entered into agreements with several companies for digitization of its operations, in the country. It has signed an MOU with Honeywell. The companies will work together to increase yield, throughput, and improve the reliability of Saudi Aramco’s operations by deploying Honeywell’s predictive analytics solutions and cloud-based services.

Intelligent Pumps Market Regional Analysis:

The United States is one of the leading countries when it comes to the adoption of intelligent solutions in any system. The country is home to several top vendors offering digitization, IIoT, and data analytics, paving the way for smart pumps. The robust drilling and production activity in the upstream sector with increasing crude oil price has resulted in high growth in the demand for pumps in the domestic market. The crude oil production has increased by 5.6% in 2017 and had been growing at a CAGR of 6.1% between “2006-2016”. This high growth is mainly due to hydraulic fracturing, which requires pumping frac fluids at a very high pressure to fracture the formation. The chemical industry is also witnessing a transition from the conventional method of operation to smart operation through intelligent solution such as intelligent pumps. The US chemical industry accounts for almost 15% of the global chemical shipment. The chemical producers in the country are increasingly deploying the smart solutions either adding new whole system or through retrofitting.

Notable Companies Operating in the Global Intelligent Pumps Market:

  • Flowserve Corp
  • Grundfos A/S
  • Sulzer AG
  • QuantumFlo, Inc.
  • Xylem, Inc.
  • CIRCOR International, Inc.
  • Rockwell Automation
  • Emerson Electric Co.
  • Kirloskar Brothers Ltd.
  • Yaskawa Electric Corp

This research report includes following segmentation for the Intelligent Pumps Market Size and forecast until 2023

Intelligent Pumps Market - By Pump Type

  • Centrifugal
  • Positive Displacement

Intelligent Pumps Market - By End User

  • Oil & Gas
  • Power Generation
  • Water
  • Chemical
  • Others

Intelligent Pumps Market – By Geographical Segmentation

  • Asia-Pacific

    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Rest of Asia-Pacific

  • North America

    • United States
    • Canada
    • Mexico
    • Rest of North America

  • Europe

    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe

  • Latin America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East & Africa

    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Reasons to Purchase Intelligent Pumps Market Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • End-user type that is expected to dominate the sheet molding & bulk molding compounds market
  • Region that is expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

  1. Introduction                                                                       
  2. Research Methodology                                                                     

    1. Analysis Design                                               
    2. Research Phases                                                             

      1. Secondary Research                                    
      2. Primary Research                                        
      3. Expert Validation                                         

    3. Study Timeline                                                

  3. Overview                                                                           

    1. Executive Summary                                                        
    2. Key Inferences                                                 
    3. New Developments                                                        

  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                              

    1.  Intelligent Pumps Market Drivers                                                
    2.  Intelligent Pumps Market Restraints                                                           
    3. Key Challenges                                                

  5. Current Opportunities in the  Intelligent Pumps Market
  6.  Intelligent Pumps Market Segmentation    

    1. By Pump Type

      1. Centrifugal
      2. Positive Displacement
      3. Intelligent Pumps Market Estimates & Forecasts, by Function,2018-2023
      4. Year on Year Growth Rates, by Type,2018-2023
      5.  Intelligent Pumps Market Attractiveness Index, by Function,2018-2023

    2. By End User

      1. Oil & Gas
      2. Power Generation
      3. Water
      4. Chemical
      5. Others
      6. Intelligent Pumps Market Estimates & Forecasts, by Function,2018-2023
      7. Year on Year Growth Rates, by Type,2018-2023
      8.  Intelligent Pumps Market Attractiveness Index, by Function,2018-2023

  7. Geographical Analysis

    1. North America   Intelligent Pumps Market

      1.  Introduction                                
      2.  United States   Intelligent Pumps Market
      3.  Canada   Intelligent Pumps Market

    2. Europe   Intelligent Pumps Market

      1.  Introduction                                
      2.  United Kingdom   Intelligent Pumps Market
      3.  Germany   Intelligent Pumps Market
      4.  France   Intelligent Pumps Market
      5.  Italy   Intelligent Pumps Market
      6.  Spain   Intelligent Pumps Market

    3. Asia-Pacific   Intelligent Pumps Market

      1.  Introduction                                
      2.  China   Intelligent Pumps Market
      3.  India   Intelligent Pumps Market
      4.  Japan   Intelligent Pumps Market
      5.  South Korea   Intelligent Pumps Market

    4. Latin America   Intelligent Pumps Market

      1.  Introduction                                
      2.  Brazil   Intelligent Pumps Market
      3.  Argentina   Intelligent Pumps Market
      4.  Mexico   Intelligent Pumps Market

    5. Middle-East & Africa   Intelligent Pumps Market

      1.  Introduction                                
      2.  Middle-East   Intelligent Pumps Market
      3.  Africa   Intelligent Pumps Market

  8. Strategic Analysis                                                              

    1. PESTLE analysis                                               

      1. Political                                        
      2. Economic                                     
      3. Social                                            
      4. Technological                               
      5. Legal                                            
      6. Environmental                                             

    2. Porter’s Five analysis                                                       

      1. Bargaining Power of Suppliers                                    
      2. Bargaining Power of Consumers                                 
      3. Threat of New Entrants                               
      4. Threat of Substitute Products and Services                                 
      5. Competitive Rivalry within the Industry            

    3. Supply Chain Analysis

      1. Raw Material Suppliers
      2. Manufacturers/Producers
      3. Distributors/Retailers/Wholesalers/E-Commerce
      4. End Users      

  9.  Intelligent Pumps Market Leaders' Analysis                                                                  

    1. Flowserve Corp
    2. Grundfos A/S
    3. Sulzer AG
    4. QuantumFlo, Inc.
    5. Xylem, Inc.
    6. CIRCOR International, Inc.
    7. Rockwell Automation
    8. Emerson Electric Co.
    9. Kirloskar Brothers Ltd.
    10. Yaskawa Electric Corp

  10. Competitive Landscape                                                                     

    1. Intelligent Pumps Market share analysis                                                     
    2. Merger and Acquisition Analysis                                                    
    3. Agreements, collaborations and Joint Ventures                                                            
    4. New Product Launches                                                    

  11. Expert Opinions                                                               

    1. Intelligent Pumps Market Outlook                                                             
    2. Investment Opportunities                                                             

  12. Appendix                                                               

    1. List of Tables                                                     
    2. List of Figures                        

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